Running a small business is already a juggle, you’ve got customers to look after, bills to pay, and a million other things on your plate. The last thing you need is the hassle of chasing up unpaid invoices. If you’re dealing with slow payers, you’re not alone. Many Kiwi business owners face the same struggle. […]
Understanding the Debt Collection Process in New Zealand
No business owner enjoys chasing overdue invoices, but managing debt collection effectively is essential for maintaining a healthy cash flow. In New Zealand, the process can be quite simple if you know the right time to take action and when to escalate matters. Here’s a detailed look at the steps involved. 1. Initial Reminder: A […]
Managing Aged Debts and Improving Cash Flow in New Zealand
Are you dealing with aged debts that are affecting your business cash flow? Before considering writing them off for tax purposes, it’s essential to follow the correct process to ensure compliance with IRD guidelines and optimise your financial position. In New Zealand, debts cannot be written off for tax purposes until all reasonable efforts to […]
Debt Collection Agency Services in NZ
Debt Collection Services Help Improve Your Cash Flow For many businesses, debt collection has become a nasty thorn in the flesh. And because of increased outstanding billing and accounts, most businesses end up wasting half their time chasing after clients for the payments for products and services already provided. In order to rid yourself of the […]
Understanding Debt Collection Basics
Debt collection is a crucial aspect of managing a small to medium-sized business (SMB). It ensures you maintain healthy cash flow, avoid financial strain, and support the sustainability of your business. Here’s an expanded guide to the basics of debt collection, tailored for SMBs in New Zealand. What is Debt Collection and Why is it […]